Medicare Part B Costs Are Shrinking -- But Some Enrollees Will Pay a Lot More
Medicare enrollees recently got a piece of good news from the Centers for Medicare & Medicaid Services. After years of continuous Part B premium hikes, the cost of Part B is dropping in 2023.
Right now, the standard monthly Medicare Part B premium is $170.10. Next year, it will be $164.90. And that $5.20 in monthly savings might make a world of a difference to seniors who are mostly living on Social Security benefits and are being squeezed financially due to inflation.
But while Medicare costs will drop for many seniors in 2023, some enrollees will end up having to pay a lot more for coverage. And that's an expense they'll need to plan for.
Source Fool.com